Shelbourne, Letheby & Co. Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 00416822 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Shelbourne, Letheby & Co. Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr T M Letheby

Mrs A M B Letheby

Ms W A Mason

SECRETARY:

Ms W A Mason

REGISTERED OFFICE:

154 New Kings Road

Fulham

London

SW6 4LZ

REGISTERED NUMBER:

00416822 (England and Wales)

ACCOUNTANTS:

Merchant & Co.

84 Uxbridge Road

West Ealing

London

W13 8RA

FIXED ASSETS

Tangible assets

2

20,752

4,638

CURRENT ASSETS

Stock and work in progress

2,823

2,974

Debtors

47,159

10,845

Cash at bank and in hand

766,183

820,522

816,165

834,341

CREDITORS

Amounts falling due within one year

160,142

167,745

NET CURRENT ASSETS

656,023

666,596

TOTAL ASSETS LESS CURRENT LIABILITIES

676,775

671,234

PROVISIONS FOR LIABILITIES

24

170

NET ASSETS

676,751

671,064

CAPITAL AND RESERVES

Called up share capital

3

42,000

Profit and loss account

634,751

629,064

SHAREHOLDERS' FUNDS

676,751

671,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 7 April 2017 and were signed on its behalf by:

Mr T M Letheby - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on

timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax

rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

58,702

Additions

24,839

Disposals

(18,145

)

At 30 September 2016

65,396

DEPRECIATION

At 1 October 2015

54,064

Charge for year

6,908

Eliminated on disposal

(16,328

)

At 30 September 2016

44,644

NET BOOK VALUE

At 30 September 2016

20,752

At 30 September 2015

4,638

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

42,000

Ordinary

£1

42,000

4.	RELATED PARTY DISCLOSURES

For the whole year, the company was under the control of Mr T M Letheby, a director and the major

shareholder.

Hanwell Investment Company

A company in which Mr T M Letheby is a shareholder

Property maintenance and management services to the value of £9,743 (2015: £9,783) were received during

the year.

2016

2015

£

Amount due from related party at the balance sheet date

-

156

T C Properties Ltd

A company in which Mr T M Letheby is a shareholder

Property maintenance and management services to the value of £47,353(2015: £51,865) were received during

the year.

2016

2015

£

Amount due from related party at the balance sheet date

12,707

473

W & J Properties (Ealing) Ltd

A company in which Mr T M Letheby is a shareholder

Property maintenance and management services to the value of £27,749 (2015: £22,939) were received during

the year.

2016

2015

£

Amount due from related party at the balance sheet date

9,000

114

W L & J M Properties Ltd

A company in which Mr T M Letheby is a shareholder

Property maintenance and management services to the value of £53,758 (2015: £49,916) were received during

the year.

2016

2015

£

Amount due from related party at the balance sheet date

16,534

-

Directors

2016

2015

£

Amount due to related party at the balance sheet date

64,320

12,757